Author: Arabian Media staff
Another week, another blow to London’s capital markets. This time it was the turn of Wise, one of the UK’s brightest tech stars, which announced it would switch its main listing to New York.The move by the £11bn fintech has put the City on fresh alert about the shrinking pool of listed companies and adviser fees in the Square Mile.Advisory firms are now “making more money selling our businesses than listing them, which is devastating for the City from a long-term point of view,” said Charles Hall, head of research at Peel Hunt.Wise’s announcement came hours after Cobalt Holdings, one…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One of my regular tasks is monitoring newly published reports about the UK housing market for my weekly email. Recently, I’ve noticed that, while government releases have focused on their planning reforms, the private sector is more interested in the demand for new homes, with many calling for a new equity loan scheme for housebuilders to attract buyers.To recap, the previous Help to Buy equity loan scheme to enable first-time buyers to get on the property ladder was controversial. It provided buyers…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Korean solar cells maker OCI Holdings is rapidly increasing production in the US despite President Donald Trump’s vow to slash clean energy subsidies, in what the company calls a “once-in-a-lifetime” opportunity to capitalise on power demand from data centres.OCI, one of the world’s largest solar power developers, plans to invest $1.2bn to increase the annual cell-making capacity of its plant in Texas to 10GW by 2027 — enough to generate electricity equivalent to 10 nuclear power plants.Increased energy requirements by data…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A corner of the UK market is enjoying its best year in at least two decades, yet investors are in no rush to price in further good news. A strategic review of the country’s defence requirements estimated that the government needs to spend a further £68bn to ready Britain for a war. The response was lukewarm. Local aerospace and defence stocks rose about 2 per cent this week. This implies some scepticism that Westminster will — or can — find the eye-popping…
I cannot recall a great deal about my 30th birthday. It could be that my presents were a disappointment, but I hesitate to pursue that possibility in print — my nearest and dearest might exact revenge when I next come to blow out the candles.I wonder if the 30th anniversary on June 19 of Aim — formerly the Alternative Investment Market — will prove more memorable. More significantly, I wonder if it will prove memorable for the right reasons.Since many people might be unfamiliar with this corner of the investment universe, a brief history lesson may be in order. This…
Image: ADGM Abu Dhabi Global Market (ADGM) has recorded a strong start to 2025, posting significant year-on-year growth across its ecosystem in Q1, as investor confidence and international interest in the UAE capital’s financial centre remain high. Backed by major regulatory developments, global engagement and jurisdictional expansion, ADGM‘s Q1 performance reflects the continued momentum from a record-breaking 2024. “ADGM’s Q1 2025 performance marks the beginning of another landmark year,” said Ahmed Jasim Al Zaabi, chairman of ADGM. “This is not just a reflection of ADGM’s capabilities to deliver sustained growth, but also the trust it has gained among global and…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldA senior Federal Reserve official has put the chances that Donald Trump’s trade war leads to a sustained burst of inflation at “50-50”, as he warned US rate-setters would face uncertainty “right through the summer”. St Louis Fed president Alberto Musalem told the Financial Times that while Trump’s levies could boost inflation for “a quarter or two”, there was “an equally likely scenario where the impact of tariffs on prices could last longer”. The Trump administration has already brought US…
Image: Supplied Ports have evolved beyond their role as trade gateways. Today, they stand as critical pillars of national resilience and economic continuity. In the modern-world, where over 80 per cent of global trade moves by sea and the Gulf plays a central role in global energy and logistics, port security should not be viewed as a cost or a compliance exercise. It must be treated as a vital economic enabler. Without strong and modern security, the Gulf’s ambitions to lead in manufacturing, trade, and supply chain integration will remain a challenge. At the recent “Make it in the Emirates”…
Robinhood Markets’ stock was falling in after-hours trading Friday. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.“I believe it’s pretty much invulnerable”. So declared OceanGate CEO Stockton Rush of his new deep-sea submersible, Titan, to CBS News in 2017. Six years later, the vessel would implode on an expedition to the wreckage of the Titanic, killing all five people aboard, including Rush.The now-ominous clip of Rush’s claim reappears in Titan: The OceanGate Disaster, a grimly captivating Netflix documentary about an avoidable tragedy that was foreseen by almost everyone — except the man in charge.While the incident provoked a…